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MISSION VIEJO, CA-Despite industry reports that office trades in Orange County are lagging, properties continue to trade hands. Prudential Real Estate Investors has sold Mission Ridge, a two-building, class-A office campus here totaling 231,065-square-feet, to Cornerstone Real Estate Advisers for an amount undisclosed to GlobeSt.com.

HFF marketed the property on behalf of PREI, and Cornerstone, on behalf of an institutional investor, purchased the asset free and clear of existing debt. HFF’s investment sales team representing the seller was led by senior managing director Ryan Gallagher, managing director Mike McCann, director Tim Geiman and associate directors Derreck Barker and Nick Foster.

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